PLAN DE NEGOCIO INMOBILIARIO DSB‐ ADSERVIS SAC

8/9/2019 PLAN DE NEGOCIO INMOBILIARIO DSB ADSERVIS SAC

1/17

O@LIGIXPROHIKG

IGLKBIFIORIOURKU^NXPO@NGNAKHIK

URKYNHPKUOROHKGXPIP^IR^GONLURNXOIGLKBIFIORIO@N@IHO@OOFO

O@LIGIXPROHIKG@NN@IJIHIKXRNXI@NGHIOFNX&KJIHIGOX&FKHOFNX

HKLNRHIOFNX&HKG@KLIGIKX&HF^BNX'

25?5

HORLNGBKMKR_^NS&YKFOG@OHNRGO&PNRNXOXIFZO

@XBO@XNRZIXXOH

58+52+25?5


2/17

PNLO3 O@LIGIXPROHIKGIGLKBIFIORION]UKGNGPNX3HORLNGBKMKR_^NSHKR@KZO

YKFOG@OHNRGORNBKFFK

PNRNXOLNRHN@NXXIFZOROLIRNS

P^PKR

URKJNXKRIZOGLIFFON^RIBN


3/17

URKU^NXPO @N GNAKHIK


4/17

XNRZIHIKX@NO@LIGIXPROHIKGIGLKBIFIORIO

LIXIKG3

Ncnh~por ohpiziò`nx uoro fobkrnx `nO`ligixprohig `n fox rnox y xnrzihikx hkl~gnx ng Nìjihikx

rnxi`nghiofnx y hklnrhiofnx ng xnalngpkx O y B'

Xklkx ~go nlurnxo q~n kjrnhn xkf~hig o fox gnhnxiò`nx ohp~ofnx `n fox nìjihohikgnx lk`nrgox y

hklufncox y x~x nq~iukx& n ~go jkrlo urkjnxikgof y njihingpn'

ZIXIKG3

Xnr ~go nlurnxo i`gno ukr x~ houohiò` `n rnxkfznr h~ofq~inr piuk `n rnq~nrilingpk `n g~nxpro

hfingpnfo& ~pifisog`k nxpropnaiox y g~nzox pnhgkfkaox'

Y o fo zns pngnr hkgzngikx hkg hkgxpr~hpkrox ng ufngo ncnh~hig `n fkx urkynhpkx iglkbifiorikx

ur}ilkx o o`ligixpror'

Iggkzor nf xnrzihik `n L~ògsox hklk ~g uf~x o g~nxprk xnrzihik uoro fkx urkuinporikx g~nzkx'

KBCNPIZK URIGHIUOF

G~nxprk kbcnpizk urighiuof nxp ngjkho`k o fnzogpor fo uf~xzofo `n fkx nìjihikx rnxi`nghiofnx k

hklnrhiofnx q~n xn o`ligixprng& fkarog`k q~n fkx igl~nbfnx logpngaog ~g loykr urnhik ng nf

lnrho`k'

Iggkzorgkx jrnh~ngpnlngpn uoro uk`nr ourkznhmor of l}ilk fkx rnh~rxkx m~logkx q~n pngnlkx&uoro uk`nr xinlurn kjrnhnr xkf~hikgnx hrnopizox q~n aorogpihng fo bxq~nò `n nhkgklo ng fkx

aoxpkx hkl~gnx'


5/17

O@LIGIXPROHIKG ANGNROF

Ziaifoghio Ukrpnro Filuinso `n rnox hkl~gnx Corìgnro'

Oxolbfnox og~ofnx n urkuinporikx' Ufognx `n Probock uoro zofkrisor fo urkuinò`'

LOGPNGILINGPK URNZNGPIZK

Filuinso `n pogq~n y hixpnrgox' Oxhngxkrnx' Nq~iukx n bklbnk' N}piga~i`krnx'

XNRZIHIKX O@IHIKGOFNX

Igpnrhkl~giho`krnx' Ukrpnrkx nfhprihkx Xixpnlox n xna~riò`' Uigp~ro y kprkx'

OXNXKRIO HKGPOBFN Y FNAOF

Hkgprkf `n h~ngpox y hkbrogsox' Igjkrlohig Zirp~of' Xognolingpk n igxhriuhig `n

Unrxkgnro c~rìho'

Igjkrlohig `n uoakx `nOrbiprikx y kprkx'

Gkx nxunhiofisolkx ng hkgc~gpkx rnxi`nghiofnx y hkg`kligikx& xig nlborak g~nxprk nq~iuk nxp

ng houohiò` `n o`ligixpror pk`k piuk `n urkuinò`nx ubfihox y urizoòx& hngprkx

hklnrhiofnx& kjihigox& hngprkx ig`~xpriofnx& urkuinò`nx r~rofnx& hf~bnx& mkxuipofnx& hkghnxikgnx

lignrox& nph' Ng pk`k nf pnrripkrik gohikgof'


6/17

@NXHRIUHIKG @N FOX ORNOX J^GHIKGOFNX3

O@LIGIXPROHIKG ANGNROF

Ufognx `n probock uoro zofkrisor fo urkuinò`' Oxolbfnox og~ofnx n urkuinporikx Logpngilingpk n rnox hkl~gnx' Ziaifoghio ukrpnro Corìgnro'

OXNXKRIO HKGPOBFN Y FNAOF

Xognolingpk n igxhriuhig n unrxkgnro c~rìho' Igjkrlohig `n uoakx `n orbiprikx y kprkx' Hkgprkf `n h~ngpox y hkbrogsox' Igjkrlohig Zirp~of'

LOGPNGILINGPK URNZNGPIZK @N N_ÎUKX

Oxhngxkrnx N}piga~i`krnx Xixpnlox `n u~nrpox fnzoìsox Nq~iukx n Bklbnk' Filuinso `n pogq~nx y hixpnrgox' Logpngilingpk n uixhigox' Logpngilingpk n nq~iukx y+k ouoropkx n ncnrhihikx n ailgoxikx' Igpnrhkl~giho`krnx

XNRZIHIKX O@IHIKGOFNX

Xixpnlox n Xna~riò` Ukrpnrkx nfhprihkx Uigp~ro' Ufklnro' J~liaohig' Rnhkfnhhig `n box~ro'


7/17

HKGPOLKX HKG ^G UFOG @N OHHIKG

RNH^RXKX M^LOGKX

,X~unrzixkrnx

,Ukrpnrkx

,Unrxkgof `n filuinso

IGZNRXIKG3 Houipof njnhpizk X+'88&555'55 G^NZKX XKFNX'

Prlipnx Fnaofnx X+' ?&255'55

Ofq~ifnr `n Kjihigo X+' =55'55

Ilufnlngpohig Lkbifiorik X+' >&555'55

Ilufnlngpohig n fkaxpiho y mnrrolingpox' X+' :&555'55

Igznrxig n lkzifiò` X+' 25&555'55

PINLUK

Nf pinluk q~n pkloro ng fo hkgxpip~hig `n fo nlurnxo& nf ufognolingpk& kraogisohig y nf

`nxorrkffk `n fox ohpiziò`nx nx `n ~g ourk}ilo`k n :5 òx mbifnx'

LORDNPIGA

@nxorrkffornlkx ~g ufog `n lordnpiga& urilnrolngpn hkg ~go horpnro `n hfingpnx yo hkgxkfiòòx'

G~nxprk ufog `n lordnpiga nxpor ò`k ukr hkrrnkx o nlurnxox hkgxpr~hpkrox o fox q~n òrnlkx

g~nxprkx hkxpkx'

G~nxpro Uoaigo Qnb& xnr hkgxpogpnlngpn ohp~ofisoò hkg fkx urkynhpkx q~n pngaolkx'

Ouorihikgnx ng rnzixpox n Iglkbifioriox ilukrpogpnx'


8/17

O@LIGIXPROHIKG

Of pngnr ~g xixpnlo njihingpn ng fo o`ligixprohig xn fkarog ourkznhmor of l}ilk pogpk fkxrnh~rxkx m~logkx hklk lopnriofnx y hkg nffk mobr ~go rnboco x~xpoghiof ng fkx aoxpkxhkl~gnx& fk q~n ò hklk rnx~fpo`k njihinghio y urk`~hpiziò`' Z~nxprk ufog `n

O`ligixprohig nx iggkzo`kr y lnckro xiagijihopizolngpn fo anxpig o`ligixpropizo `n x~nìjihik'

Hkgprkf

X~unrzixig of unrxkgof `nbiòlngpn nxunhiofiso`k y ohrnìpo`k hkg jkpkhmnhd `n fo nlurnxo&

zixipox hkgxpogpnx o fkx nìjihikx& uoro ziaifor nf h~lufilingpk `n fox gkrlox y `npnrligor nf b~ng

j~ghikgolingpk n pk`kx fkx nq~iukx'

Xnrzihik `n hkbrogsox

Hkbrk `n h~kpox y lkrkxiò` uoro logpngnr xnrzihikx hkl~gnx' Igzngporikx xnlogofnx `n l~nbfnx y

kbcnpkx' Xixpnlo `n ngprnao `n fo hkrrnxukg`nghio y horakx jirlo`kx'

Xna~riò`

Urkhnìlingpkx nxunhjihkx `n Xna~riò`'Hkgprkfnx `n ohhnxk unopkgof y znmih~for&

lkgipkrnkx& rnaixprkx& -Zixipox& lngxocnro yh~o`nrgk `n kh~rrnghiox of ò)' Ufognx `n

nlnranghio' Hkgpohpk hkg IG@NHI& Ukfiho

Gohikgof& oforlox& if~ligohig angnrof& n}pigpkrnx&

arijkx hkgpro ighngìkx& nph'

Aoxpkx Hkl~gnx Jickx

Xixpnlo ìaipofiso`k uoro `npoffor aoxpkx& jkg`k `n

rnxnrzo& hkgprkf `n uoakx `n hoò ~giò` o prozx

`n ufopojkrlo zirp~of urkuio'

Pklo `n fnhp~ro lngx~of ng lnì`krnx' Xn igznxpiao fkx hkgx~lkx rnaixpro`kx ukr Xnòuof& N`nfgkr

k F~s `nf X~r& uoro `npnrligor x~ n}ohpip~` ng nf hkgx~lk'


9/17

Unrxkgof

Urkhnìlingpk `n rnhf~polingpk

Hkgxpogpn nzof~ohig `n `nxnlunk& houohipohig xi nx gnhnxorio& nxp~ìk `n xna~riò` hklufnpk'

Hkgpropkx& lognckx `n ufogiffo `nf unrxkgof& fiq~iòhikgnx `n bngnjihikx xkhiofnx -NXXOF^@& OJU&

nph')& pk`k `n oh~nr`k o Fny'

Fo kh~lngpohig n g~nxprk unrxkgof xnrg x~unrzixo`kx unriìholngpn'

Urkznn`krnx

Hkpisohikgnx ng boxn ofpnrgox -8ofpnrgopizox) uoro hkpisor xnrzihikx' X~unrzixig y uoak o fkx

urkznn`krnx `n fkx xnrzihikx& ukr lnìk `n urnx~u~nxpkx urnziolngpn ourkbo`kx ukr fo c~gpo `n

urkuinporikx'

Logpngilingpk

Urkarolohig `n logpngilingpkx urnzngpizkx y hkrrnhpizkx `n fkx nq~iukx n igxpofohikgnx `nf

nìjihik3 oxhngxkrnx& bklbox `n oa~o& pobfnrkx `n hkgprkf& hixpnrgo& hnrhk nfhprihk& hirh~ipk hnrro`k&

igpnrhkl~giho`krnx& u~nrpox nfhprihkx& nph' Xnrzihikx `n aoxjipnro& nfnhprihiò`& uigp~ro& corìgnro&

nph'

Igjkrlnx `n Anxpig

Bofoghn Lngx~of -Narnxkx& Igarnxkx& Hkghifiohig Boghorio& Nxpo`k n Rnx~fpo`kx) Urnx~u~nxpkx

Aoxpkx'


10/17

OXNXKRIO HKGPOBFN

?' Urnx~u~nxpk `n aoxpkx lngx~ofnx

Nfobkrolkx nf Urnx~u~nxpk `n Aoxpkx lngx~ofnx `nf nìjihik& ng boxn o fo igjkrlohig mixpriho `nf

lixlk y o g~nxpro n}unringhio ng nf lnrho`k& b~xhog`k xinlurn ligilisor fkx aoxpkx y lo}ilisorfkx bngnjihikx& nxpn urnx~u~nxpk xn urnxngpo o fo C~gpo @irnhpizo uoro x~ ourkbohig lngx~oflngpn'

2' H~kpo `n Logpngilingpk y h~kpo `n ilufnlngpohig

Xn hofh~fo ~g aoxpk igihiof `n X+' >55'55 G~nzkx xkfnx& urnzngpizk uoro fox hklurox bxihox

igihiofnx& nf rnxpk `n aoxpk xn urkrropnoro ng nf pkpof nf urnx~u~nxpk lngx~of nf nìjihik& ourkbo`k

ukr fo C~gpo @irnhpizo ngprn fkx ukrhngpocnx `n urkuinò` q~n pngao hoò urkuinporik& nxpkx

ukrhngpocnx `n urkuinò` nxpg xnofo`kx ng nf Rnafolngpk Igpnrgk `nf Nìjihik'

8' Uoak `n Xnrzihikx

Xn hkbroro o`nfogpo`k fkx xnrzihikx& urnzing`k fox jnhmox johp~roòx ukr nxpox ngpiò`nx y ox

uoaorfox u~gp~oflngpn& xn rnofisog fkx uoakx `n pk`kx fkx xnrzihikx rnhibi`kx ukr nf nìjihik& hklk

Xnòuof& F~s `nf X~r N`nfgkr& Oxhngxkrnx& nph'& nzipog`k nf uoak ukr fkx igpnrnxnx y lkrox'

0' H~ngpox ukr hkbror

Nf hkbrk `n fox h~kpox `n logpngilingpk krìgorik y n}prokrìgorik xn rnofiso ukr o`nfogpo`k& nx

`nhir& o urighiuikx `nf lnx y nf ìgnrk rnho~ò`k nx `nukxipo`k ng nf Boghk ng ~go h~ngpo hkrringpn

`nxiagoò of Nìjihik'

>' Bofoghnx `n igarnxkx y narnxkx

O jig `n hoò lnx xn nfobkro ~g Bofoghn `n Igarnxkx y Narnxkx& nf h~of xnr hkfao`k ng fo uaigo

nb `n fo nlurnxo& `npoffog`k fkx aoxpkx q~n xn mog rnofiso`k `~rogpn nf lnx& q~nòg`k ng fkx

orhmizkx& pk`kx fkx rnhibkx& johp~rox y `kh~lngpkx q~n fk x~xpngpog4 fixpkx uoro xnr urnxngpo`kx ng nf

lklngpk q~n xnog xkfihipo`kx'

:' Hkxpk `nf Xnrzihik

Nf hkxpk ukr nf xnrzihik `n O`ligixprohig q~n O@ XNRZIX XOH nx nf ?5 . `nf lkgpk pkpof `nf

Urnx~u~nxpk `n Aoxpkx Lngx~ofnx `nf Nìjihik& ~g lgilk `n X+' =55'55 lx IAZ'

OXNXKRIO FNAOF

O@XNRZIX XOH& h~ngpo hkg ~g rno fnaof nxunhiofisoò uoro oxnxkrorfk ng3 fo nfobkrohig y

ourkbohig `nf Log~of `n Hkgziznghio& Hkgzkhopkriox o Oxolbfnox Krìgoriox y N}prokrìgoriox&

Nfnhhig y Gklbrolingpk `n C~gpox @irnhpizox& Nfobkrohig `n Ohpox `n Oxolbfnox& Hkgxpip~hig

`n C~gpox `n Urkuinporikx& O`nh~ohig `n Rnafolngpkx Igpnrgkx& Hkbrogsox c~ìhiofnx& y ng pk`kx

fkx oxunhpkx hkgpnlufo`kx ng fo Fny 21?>1'


11/17

IGJRONXPR^HP^RO

Hkgpolkx hkg ~go kjihigo uoro rnofisor fox pornox o`ligixpropizox y rn~gikgnx hkg fkx urkznn`krnx y

unrxkgof hofijiho`k'

Hkgpolkx hkg rno `n hlu~pk& igpnrgnp y roìkx'

Hkgpornlkx hkg ~go ~giò` lzif q~n oy~`n o mohnr lx njihingpn g~nxprk probock of lngkr pinluk

ukxibfn'

LNRHO@K

Nxpolkx obkho`kx o jkhofisorgkx ng nf xnalngpk O Y B'

Mnlkx rnofiso`k ~g nxp~ìk y mnlkx jico`k g~nxprk roìk `n ohhig ng& X^RHK& XOG BKRCO&

LIROJFKRNX Y XOG IXI@RK& ukr xnr ìxpripkx hkg lx hnrhogo o g~nxpro kjihigoo`ligixpropizo'


12/17

KRAOGIAROLO

ANRNGPNANGNROFOXNXKRIO

L^FPI@IHIUFIGORIO

XNHRNPORIO

ORNOO@LIGIXPROPIZO ORNO

HKLNRHIOF

Hkgpobifi`o Urkznn`krnx Xnrzihikof

hfingpn

Lordnpiga

Rnh~rxkx


13/17

URKU^NXPOX NHKGKLIHOX

UORO FO O@LIGIXPROHIKGIGLKBIFIORIO


14/17

?', XNRZIHIK @N O@LIGIXPROHIKG @N ^G N@IJIHIK -@N :5 @NUORPOLNGPKX)

OHPIZI@O@NX O RNOFISOR3

Xi nf nìjihik k hkg`kligik mo xi`k hkgxpr~i`k ukxpnrikrlngpn of lnx `n C~fik `nf ok ?9993

Oxnxkror k ncnh~por -xi nf hfingpn fk o~pkriso) fo igxhriuhig `n fkx RR'UU' `nFilo xkfk nf Ohpo `n Hkgxpip~hig `n fo C~gpo `n Urkuinporikx y

gklbrolingpk `n fo ìrnhpizo ng Ohpo hnrpijihoò ukr Gkporik'

Oxnxkror k ncnh~por -xi nf hfingpn fk o~pkriso) ng nf prlipn `nf R^H `n foC~gpo n Urkuinporikx'

Ounrp~ro `n fo h~ngpo hkrringpn c~rìho o gklbrn `n fo C~gpo `nUrkuinporikx y xi xn `nxno kbpngnr fo ufogiffo `nf unrxkgof'

Oxnxkror ng fo nfobkrohig `n fkx nxpop~pkx `n fo c~gpo `n urkuinporikx'

Znfor ukr nf o`nh~o`k lognck `n fkx bingnx y xnrzihikx hkl~gnx' Rnzixig n N}pigpkrnx ng pk`kx fkx bfkq~nx' Igzngporik `n l~nbfnx y kbcnpkx `n pk`k nf hkg`kligik' If~ligohig angnrof `n rnox hkl~gnx& igzngporik `n jkhkx q~nlo`kx' Rnzixig `n fo filuinso y kr`ng `n fox skgox hkl~gnx' Rnzixor unriìholngpn fo kunropiziò` `n fkx h~orpkx `n bklbo& pobfnrkx `n hkgprkf' Rnzixor unriìholngpn fox hixpnrgox hkg zfz~fo `n hkgprkf& Hngxkrnx `n hkgprkf `n giznf y

pogq~nx nfnzo`kx'

Rnzixor unriìholngpn fkx ar~ukx nfnhprangkx' Rnzixor unriìholngpn nf nxpo`k `n fo bklbo hkgpro ighngìkx hkg urnxig ng fo fgno `n

?:5 fbx'

Hkbrogso `n fox h~kpox `n fkx aoxpkx hkl~gnx o fkx `nuorpolngpkx' Rnzixig `n fox kh~rrnghiox of ò `nf h~o`nrgk `n hkgprkf' Hkgprkfor fkx uoakx n logpngilingpkx'


15/17

Logpngnr fkx uoakx `n fkx xnrzihikx hkl~gnx of ò' Ffnzor fox h~ngpox `n fo o`ligixprohig -igarnxkx y narnxkx)' Rnofisor urnzio hkkrìgohig& zixipox unriìhox o fox xnhhikgnx `n urkuinò` n}hf~xizo& hkg

nf kbcnpk `n znrijihor q~n gk xn rnofihng ohhikgnx hkgproriox o fox nxpobfnhiòx ng nf

rnafolngpk igpnrgk k q~n ojnhpng o fkx xnrzihikx hkl~gnx'

Nfobkror y urkukgnr nf urnx~u~nxpk og~of `n igarnxkx y aoxpkx ogpn fo C~gpo `n Urkuinporikxuoro x~ ourkbohig'

H~lufir y Mohnr h~lufir fkx oh~nr`kx `n fo C~gpo `n Urkuinporikx y ncnrhnr pkòx foxj~ghikgnx q~n fo C~gpo y x~ rnafolngpk igpnrgk fn oxiagng'

Rnofisohig nf urnx~u~nxpk n aoxpkx lngx~ofnx' Nxpilohig n fox h~kpox `n logpngilingpkx' Jf~ck `n hoco lngx~of' Hkgprkf n Ufogiffox -xi nf unrxkgof nxp o horak `nf nìjihik ng hoxk hkgprorik nxporo o

horak `n fo nlurnxo y nf unrxkgof xnrio rnxukgxobifiò` `n fo nlurnxo urnzik hkgpropk`n fkhohig `n xnrzihik)'

Ncnh~por fo hkbrogso urnc~ìhiof k c~ìhiof `n h~ngpox `n logpngilingpkx oproxoòx ukr lx`n prnx lnxnx xnag fo fny `n urkuinò` mkriskgpof -Xnrzihik oìhikgof urnzio ourkbohig`n fo @irnhpizo)'Xnrzihik `n Nq~ijo}

Zixipo igpnr iorio `nf X~unrzixkr nghorao`k `n fo skgo' Uoak of unrxkgof q~n urnxpn xnrzihikx of hkg`kligik'

Nf urnhik ukr nf xnrzihik `n O@LIGIXPROHIKG `n ~g nìjihik `n :5 `nuorpolngpkx nx3

PKPOF X+' 9>5'55

XKG3 GKZNHINGPKX HIGH^NGPO Y 55+ ?55 G^NZKX XKFNX LNGXÔFNX

-GK IGHF^YN I'A'Z')

[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[

Horlng Rkxo Bkmrq~ns Hr`kzo


16/17

2', ZIAIFOGHIO FOX 20 MKROX HKG @KX KUNRORIKX Y ^G @NXHOGHNRK-Nxpn nq~iuk xn ~pifiso uoro ~go xkfo u~nrpo& ng nf hoxk `n pngnr `kx u~nrpox mobro q~n

hkgxi`nror `kx nq~iukx `n ziaifoghio)

OHPIZI@O@NX U^GPÔFNX O RNOFISOR3 -Log~of `n j~ghikgnx `n Ukrpnro)

Nf kunrorik O igarnxoro of hngprk `n fobkrnx o fox =355 `n fo loogo y xn rnpiroro o fox=355 `n fo gkhmn `n f~gnx o xbo`k'

Nf kunrorik B igarnxoro of hngprk `n fobkrnx o fox =355`n fo gkhmn y xn rnpiroro o fox =355`n fo loogo `n f~gnx o xbo`k'

Fkx òx `kligakx fo ukrpnro nxpor o horak `n ~g unrxkgof `nxhoghnrk'

Nf kunrorik ziaiforo nf igarnxk `n unrxkgox n}proox of fkhof' O`znrpir o fkx urkuinporikx k igq~ifigkx ohnrho `n fox zixipox q~n nxpox moyog pngi`k

lingprox nffkx gk xn nghkgprobog ng nf `nuorpolngpk'

Ng nf hoxk q~n ~go unrxkgo n}proo igarnxoro of nìjihik `nbnr xnr i`ngpijiho`k pkpoflngpnukr nf urkuinporik k igq~ifigk nf nuorpolngpk'

Fo o~pkrisohig `n igarnxk `nbnr xnr ìrnhpolngpn of kunrorik' Nf unrxkgof nghorao`k `n fo rnhnuhig pingn fo kbfiaohig `n logpngnr ng hkrrnhpk kr`ng x~

skgo `n probock'

Fkx kunrorikx gk nxpg o~pkriso`kx o rnofisor kprk piuk `n fobkrnx `~rogpn x~x `khn mkrox `nxnrzihik ng ukrpnro'

Fkx kunrorikx oxixpirg o x~ hngprk `n fobkrnx hkrrnhpolngpn ~gijkrlo`kx' Fkx kunrorikx gk nxpg o~pkriso`kx o ~pifisor gigag piuk `n orlo `n h~ofq~inr lkòfiò`'

Nf urnhik ukr ~g nq~iuk `n `kx kunrorikx y ~g `nxhoghnrk q~n brigòg nf xnrzihik `n ziaifoghio

fox 20 mkrox `nf ò `n f~gnx o `kligakx nx3

X+' 2&=55'55

XKG3 @KX LIF KHMKHINGPKX Y 55+?55 G^NZKX XKFNX LNGXÔFNX'

-GK IGHF^YN I'A'Z')

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Horlng Rkxo Bkmkrq~ns Hr`kzo


17/17

8', FILUINSO @N FOX SKGOX HKL^GNX @NF HKG@KLIGIK

KHMK MKROX @IORIOX @N F^GNX O ZINRGNX Y HÔPRK MKROX FKX @IOXXOBO@KX

OHPIZI@O@NX O RNOFISOR UKR FKX KUNRORIKX @N FILUINSO IGPNAROF

Fo hogpiò` `n kunrorikx xn `npnrligoro `n oh~nr`k o fo nzof~ohig jxiho `nf fkhof' Borri`k y prouno`k `n fkx uixkx `n igarnxk' Borri`k `n fkx uixkx `n fox hkhmnrox' @nxnlukfzo`k y fozo`k `n fkx zi`rikx `n fox loluorox `n fox rnox hkl~gnx' Filuinso `n fkx bokx `n xnrzihik `n ~xk hklg -rnhnuhig)' Borri`k `n fox znrnò unrilprihox of nìjihik' @nxnlukfzo`k `n fox uorn`nx `n fo johmoò y `n fkx proaof~hnx -uorn`nx `nf urilnr uixk)' @nxnlukfzo`k `n fox borogòx `n fox nxhofnrox `n xnrzihik' Filuinso `nf igpnrikr `n fo hobigo `n fkx oxhngxkrnx urighiuofnx `nf nìjihik' Nf kunrorik nxp houohipo`k uoro `nxnlunor h~ofq~inr ohpiziò` `n filuinso q~n

rnq~inrog fox rnox hkl~gnx `nf nìjihik'

Nf kunrorik oxixpir of nìjihik o rnofisor x~x fobkrnx `n F^GNX O ZINRGNX ukr =mkrox ìoriox y fkx òx xbo`kx ukr h~oprk mkrox'

Nf kunrorik oxixpir of hngprk `n fobkrnx hkrrnhpolngpn ~gijkrlo`k' Nf kunrorik pingn fo kbfiaohig `n igjkrlor o fo o`ligixprohig ohnrho `n fkx ~pngxifikx `n

filuinso q~n xn gnhnxipng hkluror uoro nf hkrrnhpk `nxorrkffk `n x~ probock hkg `kx òx `n

ogpihiuohig hklk lgilk'

Nf urnhik ukr hoò kunrorik -ng nxpn urnhik gk xn hkgxi`nrog fkx lopnriofnx `n filuinso)

nghorao`k `nf xnrzihik `n filuinso igpnarof ukr KHMK MKROX ìoriox `n f~gnx o zinrgnx y fkx

xbo`kx h~oprk mkrox nx3

PKPOF X+' 1>5'55

XKG3 XNPNHINGPKX HIGH^NGPO Y 55+?55 G^NZKX XKFNX LNGXÔFNX

-GK IGHF^YN I'A'Z')Opngpolngpn4

[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[

Horlng Rkxo Bkmkrq~ns Hr`kzo

PLAN DE NEGOCIO INMOBILIARIO DSB‐ ADSERVIS SAC

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